Aker Solutions has signed a five-year enabling contract with ExxonMobil Canada Properties, a partnership, as operator of the Hebron platform. The contract is an extension for brownfield maintenance and modification (M&M) services on the Hebron platform…
Sercel announced the award of a five-year technical support and maintenance contract by ExxonMobil Guyana Ltd. for the Marlin Vessel Tracking and Alerts (VTA) software solution, delivered to the client in 2024. Sercel will provide comprehensive technical support…
Kazakhstan's state energy company KazMunayGaz has raised its production forecast for the Kashagan and Karachaganak oilfields this year to 18.25 million metric tons (mmt) and to 11.2 mmt respectively, it said on Tuesday.The previous forecast for Kashagan was 17…
Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples…
Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.The company's logistics subsidiary Transpetro will do the studies…
Exxon Mobil said on Wednesday it signed an agreement with the government of Gabon to explore for oil and gas off the coast of the central African country.The memorandum of understanding, a non-binding agreement, marks an expansion of the top U…
Brazilian state-run oil company Petrobras' could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday.Brazil's environmental…
Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe).Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2…
Oil production by a consortium led by Exxon Mobil in Guyana rose to 770,000 barrels per day (bpd) following the start-up of the group's fourth floating output facility, the company's chief for the South American country said on Monday.Average production by The Exxon group…
U.S. oil major Chevron has appointed Kevin McLachlan as new Vice President of Exploration, who will oversee the company’s worldwide exploration program.McLachlan will be based in Houston and succeed Liz Schwarze, who is retiring in February after 36 years of service to the company…
Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the country's industrial capabilities in the subsea sector.This is the Pipeline End Termination (PLET)…
Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, the U.S. energy major told Reuters in an emailed statement, adding to a wave of job cuts in the oil and gas industry this year.The layoffs represent about…
MODEC has been awarded the full engineering, procurement, construction, and installation (EPCI) scope to develop a floating production, storage and offloading (FPSO) vessel for the Hammerhead project in Guyana following a final investment decision (FID) by ExxonMobil…
Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field…
Italy's antitrust regulator has fined energy group Eni and five other oil companies operating in the country for practices restricting fair competition in the sale of fuel for trucks, the watchdog said on Friday.The regulator said that fines totalling more than 936 million euros ($1…
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